Tiffany & Co. (TIF) was a big mover last session, as the company saw its shares rise over 10% on the day. This led to solid volume too with far more shares changing hands than in a normal session. The gain can be owing to the company’s better-than-expected first quarter 2015 earnings results. This broke the recent trend of the company, as the stock is now trading above the flattish price range of $85.53 to $89.17 in the past one-month time frame.
In the last 30 days, the company witnessed 2 downward estimate revisions and the Zacks Consensus Estimate lowered over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.
Tiffany currently has a Zacks Rank #3 (Hold).
An attractive stock in the same sector worth considering includes Movado Group, Inc. (MOV) carrying a Zacks Rank #1(Strong Buy).
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